You’re looking around for a new checking account and think you’ve found the perfect one. It has all the features you need, including a $300 cash bonus just for signing up. But there’s one caveat — you can only get the bonus if you enroll in monthly direct deposits, which your employer doesn’t offer. Queue bank promotions without direct deposit requirements!
Most bank bonuses have a few qualifying requirements. For example, you may have to maintain a minimum balance requirement or average daily balance. You may also have to satisfy a minimum deposit threshold upon account opening.
Many banks also require that you link direct deposit to your account to get the sign-up bonus, which can be problematic if you work for a company that doesn’t support it.
Maybe you’re between jobs, are self-employed, or your employer pays you by check or in cash. These are all valid reasons why you might not be able to set up direct deposits with your bank.
Keep in mind that some of these accounts are available nationwide, while others might only be offered in the states in which the bank operates physical branches.
Best Bank Bonuses Without Direct Deposit Requirements – December 2024
Here are the 25 current best bank bonuses that don’t require a direct deposit:
- J.P. Morgan: up to $700 bonus
- Chase: $300 bonus
- Axos: up to $375 bonus
- Barclays: $200 bonus
- Live Oak: $200 bonus
- E*TRADE Bank: up to $6000 bonus
- Discover: up to $360 bonus
- Upgrade: $200 bonus
- HSBC: up to $2500 bonus
- Capital One: up to $1500 bonus
- Bank of America: $200 bonus
- Revolut: $10 bonus
- Baselane: $150 bonus
- Redstone Federal Credit Union: $400 bonus
- Ent Credit Union: $200 bonus
- Alliant: $100 bonus
- TD Bank: $200 bonus
- PNC: $400 bonus
- Seacoast: $200 bonus
- M&T: up to $1500 bonus
- S&T Bank: up to $900 bonus
- TrustCo Bank: $100 bonus
- American Airlines Federal Credit Union: $25 bonus
- BMI FCU: $200 bonus
- Great River Federal Credit Union: $50 bonus
1. J.P. Morgan Wealth Management
Available nationwide with the ability to open online, J.P. Morgan Wealth Management is offering up to a $700 welcome bonus when you open a new Self-Directed Investing account with qualifying minimum funding.
This is tiered bonus, meaning that the more you deposit, the more you may be eligible to earn. New for this iteration, J.P. Morgan has introduced a lower tier at $5,000, down from the previous $25,000 entry point and raised the max bonus amount!
Here are all 4 tiers of this investing bonus:
| New Money Added | Bonus Amount |
|---|---|
| $5,000-$24,999 | $50 |
| $25,000-$99,999 | $150 |
| $100,000-$249,999 | $325 |
| $250,000+ | $700 |
This is the highest offer that we've seen to-date from J.P. Morgan.
Self-Directed Investing - up to $700 bonus
Expires: January 23, 2025
The Self-Directed Investing signup offer requires you to deposit and maintain a minimum balance in order to earn the $700 bonus. Full requirements to receive this bonus are:
- Open a J.P. Morgan Self-Directed Investing account using the link below.
- Within 45 days, fund your account with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Bonus will be received within 15 days.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Apply now to earn the $700 bonus from J.P. Morgan
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2. Chase Bank
Chase Bank is offering business owners a $300 bonus to open a new Chase Business Complete Checking® account.
The requirements are pretty easy to meet: deposit new money at least $2,000 and maintain it for 2 months, and complete just 5 qualifying transactions in the next 3 months. Several activities count as "qualifying transactions", including purchases on your debit card, deposits into the account, setting up a bill payment, and more. See the fine print for the full list, but needless to say, meeting that requirement should be painless.
What's especially awesome about this bonus compared to other business checking account offers is that Chase recently launched the ability for customers to open an account online. Compared to the vast majority of business checking accounts which require you to visit your local branch, opening an account at Chase is significantly more convenient.
If you prefer live help, however, you can still enroll in this offer by entering your email address on the bonus landing page to have an offer code sent to you. Just be sure to take that code with you when you visit a branch.
Chase Business Complete Checking® - $300 bonus
Expires: January 16, 2025
The Chase Business Complete Checking® signup offer requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card in order to earn the $300 bonus. Full requirements to receive this bonus are:
- Obtain a Chase business coupon using the link below and open a new Chase Business Complete Checking® account.
- Within 30 days, deposit at least $2,000 in new money into the account.
- Maintain that balance for at least 60 days from offer enrollment.
- Within 90 days of account opening, complete 5 qualifying transactions: debit card purchases, Chase QuickAccept℠ deposits, Chase QuickDeposit℠, ACH credits, wires (credits and debits), and/or bill pay.
- Bonus will be credited to your account within 15 days of meeting the requirements.
Apply now to earn the $300 bonus from Chase
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3. Axos Bank
Available nationwide with the ability to open online, Axos is offering a $375 welcome bonus when you open a new Business Premium Savings account and maintain a minimum balance. This is the highest offer we've seen yet so now might be a good time to jump on it!
What's more? This is ON TOP of the 4.01% APY! We challenge you to find any other business savings account offering that kind of APY.
Wanna get a checking account instead? They're also running this up to $400 promotion on their Business Interest Checking account.
Business Premium Savings - up to $375 bonus
Expires: December 31, 2024
The Business Premium Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $375 bonus. Full requirements to receive this bonus are:
- Open a new Business Premium Savings account with promo code BPS375.
- Within 30 days, fund the account.
- During the first 4 statement cycles maintain a minimum balance as follows: $75 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account is between $30,000 and 74,999.99. $125 will be earned for each statement cycle during which the average daily balance in your Business Premium Savings account is a minimum of $75,000 or greater.
- You can earn a maximum of 3 payouts during the 4 statement cycles.
- Bonus(es) will be deposited into your new account within 10 business days following the end of the statement cycle in which the balance requirement was met.
Apply now to earn the $375 bonus from Axos
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4. Barclays Bank
Available nationwide, Barclays is offering a $200 bonus to new customers when you open a new Tiered Saving account and deposit $25,000. To qualify for this offer, you must be a new Barclays Savings customer (current and previous Barclays customers with a Savings account or CD are not eligible). Terms Apply.
Barclays Tiered Savings - $200 bonus
Expires: January 6, 2025
The Barclays Tiered Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Must be a new Barclays banking customer and open a Tiered Savings account.
- Within 30 days, deposit at least $25,000 in new funds.
- For 120 consecutive days maintain at least a $25,000 balance.
- After the $25,000 balance is maintained for 120 consecutive days, the $200 bonus will be added directly to the account within 60 days.
Apply now to earn the $200 bonus from Barclays
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5. Live Oak Bank
Available nationwide, Live Oak is offering a $200 welcome bonus when you open a new business savings account and maintain a minimum deposit. The bonus amount is lower than when it was previously offered, but the deposit requirements are lower as well. With that said, it's still a solid offer and easy to earn if you have the available cash. Keep in mind this bonus is in addition to their ultra-competitive high interest rates.
What's more? This bonus is also available to existing customers and you'll need to meet certain conditions which can be found on the Live Oak Website.
Editor's Note: I am an actual customer of Live Oak and have an active Live Oak small business savings account
Live Oak business savings - $200 bonus
Expires: January 13, 2025
The Live Oak business savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Open a new Live Oak Bank business savings account.
- By 01/13/2025, deposit at least $20,000 into your new business savings account.
- For the next 60 days, maintain a balance $20,000 or more and watch your business savings grow with 3.80% APY
- Bonus will be deposited to your open, eligible account within 45 days of the 60-day activity period ending.
Apply now to earn the $200 bonus from Live Oak
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6. E*TRADE Bank
Payouts have increased again! E*Trade is now offering new investors up to $6,000 in bonus cash when you open and fund a new investing account. You'll only need $1,000 to earn the first tier bonus ($100)!
They've shuffled all the previous tiers and reinstated the tiers for those with 7+ figures to invest. If you're wanting to earn the full $6,000, you need at least $2M in investable assets.
This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below.
Brokerage Account - up to $6000 bonus
Expires: January 31, 2025
The Brokerage Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $6000 bonus. Full requirements to receive this bonus are:
- Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode REWARD24.
- During the first 60 days, fund your new account with new money as follows: $1,000 - $4,999, earn $100; $5,000 - $19,999, earn $150; $20,000-$99,999 earn $300; $100,000-$199,999 earn $600; $200,000-$499,999 earn $800; $500,000 - $999,999, earn $1,000; $1,000,000 - $1,499,999, earn $3,000; $1,500,000 - $1,999,999 earn $5,000; $2M+, earn $6,000.
- If you deposit $200,000 or more, you will receive a cash credit within seven business days.
- If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
Apply now to earn the $6000 bonus from E*TRADE Bank
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7. Discover Bank
Discover® Bank, member FDIC, has a cool twist on the old-fashioned debit card: cash back rewards. Open an account online, and they'll give you 1% cash back on up to $3,000 in debit card purchases each month, for up to $360 each year as a bonus to your normal spending. See website for details.
Discover® Cashback Checking - up to $360 bonus
Expires: Limited Time
The Discover® Cashback Checking signup offer requires you to make purchases using the account's card in order to earn the $360 bonus. Full requirements to receive this bonus are:
- Open a new Discover® Cashback Checking account using the link below.
- Use your debit card to earn cashback – up to $30 can be earned per month (see website for details).
- Bonus cash will be deposited into your account each month.
Apply now to earn the $360 bonus from Discover
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8. Upgrade
Upgrade is offering a $200 welcome bonus when you open a new Rewards Checking Plus account and make 3 debit card transactions.
To qualify for this promotion, you'll first need to sign up for any Upgrade Card (for example, the Triple Cash Card), which is a blend of a credit card / line of credit. Then, you'll need to open a free Rewards Checking Plus account. Finally, you'll need to make just 3 purchases using your new debit card.
What's more? If you choose The Triple Cash Rewards Visa card you'll earn 3% on purchases in Home, Auto, and Health categories and 1% on all other purchases. There are no annual fees and no late fees.
All in all, this is an easy bonus to earn.
Overall, it's rare to find a cash offer this high that does not require a direct deposit, minimum balance, or a monthly fee. Check it out!
Rewards Checking Plus - $200 bonus
Expires: Limited Time
The Rewards Checking Plus signup offer requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Apply for any Upgrade Card (including The Triple Cash Rewards Card which is linked below).
- Within 60 days, open and fund a new Rewards Checking Plus account.
- Within the same 60 days, make 3 purchases using your debit card.
- The bonus will be applied to your Rewards Checking Plus account as a one-time payout credit within 60 days after meeting the conditions.
Apply now to earn the $200 bonus from Upgrade
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9. HSBC Bank
Available nationwide, HSBC is offering up to a $2,500 welcome bonus when you open a new HSBC Premier checking account and complete qualifying activities. Ultimately, HSBC wants your money, and a lot of it. This is a tiered bonus, the more you can deposit, the more you can earn.
The minimum tier for a $1,500 bonus requires a whopping $100,000. The upper tier requires at least $250,000 to earn $2,500.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. *Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A.
HSBC Premier - up to $2500 bonus
Expires: January 25, 2025
The HSBC Premier signup offer requires you to deposit and maintain a minimum balance in order to earn the $2500 bonus. Full requirements to receive this bonus are:
- Open a new eligible HSBC Premier checking account during the Offer Period.
- Within 20 calendar days, make new money deposits of $100,000 or more into the new account and/or eligible investment accounts.
- For 3 full consecutive calendar months following the new account opening month, maintain the required qualifying balance as follows: $100,000 - $249,999.99 (earn $1,500), $250,000+ (earn $2,500)
- If all offer requirements are met, the bonus will be deposited within 8 weeks from the date the account is fully qualified.
Apply now to earn the $2500 bonus from HSBC
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10. Capital One
Available nationwide and from a well-ranked bank, Capital One is offering up to $1,500 if you open a 360 Performance Savings account. This is a 3-tier bonus – the more you deposit, the more you can earn. This time around they've increased all tiers.
You'll need to make some sizable deposits, totaling at least $20,000, which will earn you $300. To get the full amount, you'll need to deposit $100,000.
Overall, if you're a new Capital One personal savings customer, this is a bonus with easy requirements if you have some cash and is worth taking advantage of.
360 Performance Savings - up to $1500 bonus
Expires: Limited Time
The 360 Performance Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:
- Open a new 360 Performance Savings account with promo code BONUS1500.
- Within 15 days of opening, deposit at least $20,000 to earn $300; $50,000 to earn $750; or $100,000+ to earn $1,500.
- Hold the money in your account for 90 days.
- Bonus will drop to your account within 60 days.
Apply now to earn the $1500 bonus from Capital One
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11. Bank of America
If you're a business owner in the market for a new checking account, be sure to check out this offer from Bank of America.
They're offering a $200 cash bonus when you open a new Bank of America® Business Advantage Banking account and maintain qualifying deposits.
To qualify, you can choose between the Bank of America Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking accounts. Both have monthly fees that can be waived if minimum deposits amounts are met. See below for more details.. Then, you'll just need to deposit $5,000 into your new account. Pretty simple!
Bank of America® Business Advantage Banking - $200 bonus
Expires: December 31, 2025
The Bank of America® Business Advantage Banking signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Open a new Bank of America® Business Advantage Banking account.
- Within 30 days, make qualifying deposits of $5,000 or more in new money.
- For the next 60 days, maintain an average balance of $5,000.
- Bonus will be deposited directly into your Business Advantage Banking account within 60 days from the end of your qualifying period.
Apply now to earn the $200 bonus from Bank of America
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12. Revolut
Revolut is offering $10 when you open any new Revolut account and complete a transaction with your card. That's it! This is a limited time offer when you sign up through BankBonus.com so you must act fast!
What's more? Select customers may be offered an opportunity to earn 1% back on purchases, up to $70 a week for the first 90 days! On top of that, once you signup you'll be eligible to refer friends. Recent referral promotions have gone as high as $100 each!
Standard Account - $10 bonus
Expires: Limited Time
The Standard Account signup offer requires you to make purchases using the account's card in order to earn the $10 bonus. Full requirements to receive this bonus are:
- Open a new Revolut account using the link below.
- Once you have provided your phone number, you will be directed to the sign up flow for a Revolut Personal account.
- Before the end of the Limited Time Promotion Period, make one (1) qualifying transaction of at least $1.00 using your Revolut physical or virtual card.
Apply now to earn the $10 bonus from Revolut
Learn More:
13. Baselane
Available nationwide, Baselane is a banking platform for landlords to help them manage rent collection, taxes, banking, insurance and more! Through June, Baselane is offering a $150 welcome bonus when you open a new account and collect at least 2 rent payments. There's also a minimum deposit requirement, but it's small.
Baselane Banking - $150 bonus
Expires: Limited Time
The Baselane Banking signup offer requires you to deposit and maintain a minimum balance in order to earn the $150 bonus. Full requirements to receive this bonus are:
- Open a new Baselane account using the link below.
- Within 30 days, deposit at least $500 into a Baselane banking account and maintain that average balance for 60 days.
- Within 90 days, complete at least $1,500 of mortgage payments from your Baselane Banking account.
- Finally, within 90 days, collect at least $1,500 of rent payments using Baselane’s Rent Collection tool.
- Bonus will be deposited into your Baselane banking account within 30 days
Apply now to earn the $150 bonus from Baselane
Learn More:
14. Redstone Federal Credit Union
Redstone Federal Credit Union is offering members a $500 bonus for opening their first personal checking account. It's a solid offer considering the requirements: just make ten purchases using your debit card and log into their online banking portal.
The account can be opened online or at your local branch using the MBR500 promo code. If you opt to open it in-person, they will also waive the $25 opening deposit requirement.
Like all credit union bonuses, you'll of course also need to qualify to become a member (or be an existing member who doesn't already have a checking account).
Personal Checking - $400 bonus
Expires: December 23, 2024
The Personal Checking signup offer requires you to make purchases using the account's card in order to earn the $400 bonus. Full requirements to receive this bonus are:
- Open a new personal checking account using the promo code MBR500.
- Within 60 days, make (10) debit card purchases.
- Within the same 60 days, log in to RFCU's online banking at least once.
- Bonus will be credited to your checking account within 150 days of account opening.
Apply now to earn the $400 bonus from Redstone Federal Credit Union
Learn More:
15. Ent Credit Union
Available to Colorado residents with the ability to open online, Ent Credit Union is offering a $200 welcome bonus when you open a new checking account. The requirements for the bonus are about as easy as they come, too: just deposit $100 into the account (doesn't need to be direct deposit!) and activate your debit card. Then you'll have your cash bonus within 2 business days. Wow!
What's more? This bonus is available to both new and existing members.
No Strings Checking - $200 bonus
Expires: December 30, 2024
The No Strings Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Open a new personal checking account using the promo code ROCKON.
- Within 30 days, deposit $100.
- During the same time period, activate your debit card.
- Bonus will be credited into your primary Ent Savings account within 2 business days after meeting the requirements.
Apply now to earn the $200 bonus from Ent Credit Union
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16. Alliant Credit Union
Extended through 2024, Alliant Credit Union has partnered with Suze Orman to encourage people to make saving a priority. To that end, they've launched “The Ultimate Opportunity Savings Account” promotion, where you can earn a $100 welcome bonus by opening a new savings account and making the commitment to deposit $100 each month.
Keep in mind that these deposits don't need to be made via direct deposit, as is common with many bank bonuses. Instead, regular transfers each month will work.
The first transfer will need to be made within 30 days of opening the account, and while it does take a full 12 months to satisfy the requirements, the ROI on your cash is impressive.
This is a nationwide bonus from one of the best credit unions, so definitely check it out!
Ultimate Opportunity Savings Account - $100 bonus
Expires: December 31, 2024
The Ultimate Opportunity Savings Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Open a new Ultimate Opportunity Savings Account using the link below.
- For 12 consecutive months, deposit $100 each month.
- Bonus will be loaded into your account within 4 weeks of your 12th deposit.
Apply now to earn the $100 bonus from Alliant
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17. TD Bank
TD Bank is offering a $200 welcome bonus if you open a new savings account. It works out to effectively be an interest rate of about 4%.
What's more, you can maximize this promo by also opening a new personal checking account — stacking an extra $300 or $150 on top of this offer for a total of up to $500.
While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.
Personal Savings Account - $200 bonus
Expires: December 31, 2024
The Personal Savings Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Open a TD Savings account using the link below.
- Within 20 days, deposit $20,000 and maintain that balance for 90 days.
- Bonus will be paid on or before 180 days after account opening.
Apply now to earn the $200 bonus from TD Bank
Learn More:
18. PNC Bank
PNC is running a couple of welcome bonus offers targeting small business owners. For this one, you'll need to open either a Business Checking or Business Checking Plus account and then meet balance and debit card requirements.
This is a straightforward, nationally-available bonus for business owners.
If your company has higher balances or transaction volume, PNC is running a larger bonus for their enterprise checking accounts, so check those out, too!
Business Checking Account - $400 bonus
Expires: December 31, 2024
The Business Checking Account signup offer requires you to deposit and maintain a minimum balance and make purchases using the account's card in order to earn the $400 bonus. Full requirements to receive this bonus are:
- Open a new Business Checking or Business Checking Plus account.
- For 3 statement cycles, maintain an average balance of $2,000.
- During those same statement cycles, make 20 debit card purchases.
- Bonus will be deposited within 90 days of meeting the requirements.
Apply now to earn the $400 bonus from PNC
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19. Seacoast Bank
If you live in Florida, Seacoast Bank is offering an easy welcome bonus for new Seacoast Savings customers. The account does come with a monthly fee, but meeting the requirements for this bonus will waive it.
You can also earn another $400 on top of this bonus for opening a Seacoast Checking account – $600 total!
Savings Account - $200 bonus
Expires: December 31, 2024
The Savings Account signup offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Open a new eligible Seacoast money market or savings account using the promo code CON600.
- Within 10 business days, deposit $15,000 in new money and maintain that balance for 90 days.
- Bonus will be credited within 95 days of account opening.
Apply now to earn the $200 bonus from Seacoast
Learn More:
20. M&T Bank
M&T is offering up to $1,500 to new Tailored Business Checking customers. This is a tiered bonus with the highest potential we've seen! You'll need to deposit a minimum of $5,000 for the first tier and maintain that average balance in the third full calendar month after the account was opened.
If you're also in the market for a Merchant Services account, you can combine this offer with their Merchant Services bonus, for a total reward of $1000.
M&T Tailored Business Checking - up to $1500 bonus
Expires: December 31, 2024
The M&T Tailored Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $1500 bonus. Full requirements to receive this bonus are:
- Open a Tailored Business Checking account using the link below using promo code BD.
- For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300; $15,000 to earn $500; or $100,000+ to earn $1,500.
- Bonus will be awarded by the end of the fourth month after the account was opened.
Apply now to earn the $1500 bonus from M&T
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21. S&T Bank
S&T Bank is offering new business checking customers up to $900 cash.
The bonus breaks down into two parts: $300 for opening a Basic Business Checking account and funding it with at least $1,000 (or $600 if you fund with at least $25,000), while also requesting and activating a debit card.
An additional $300 is up for grabs if you also open a new payment processing account with them. Fortunately, if you can't or don't want to open the processing account, you're still eligible for the up to $600 account opening bonus.
Basic Business Checking - up to $900 bonus
Expires: December 31, 2024
The Basic Business Checking signup offer requires you to deposit and maintain a minimum balance in order to earn the $900 bonus. Full requirements to receive this bonus are:
- Open a new Basic Business Checking account using the link below.
- Within 5 days, deposit $1,000 and have an average daily balance of $1,000 on November 8, 2024 to earn $300 or deposit $25,000 and have an average daily balance of $25,000 on November 8, 2024 to earn $600.
- Apply, receive and activate a debit card by February 10, 2025.
- To earn an additional $300, also open a new S&T payment processing account through Elavon and accept payments by February 10.
- Bonuses will be credited to your account on February 20, 2025.
Apply now to earn the $900 bonus from S&T Bank
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22. TrustCo Bank
Available in select east coast states, TrustCo Bank is offering a $100 welcome bonus when you open a Hometown Savings account. Slightly different from their promotion last year, they've doubled the minimum opening balance requirement. What's even more? You can stack this offer with their checking account bonus to earn a total of $350 + a ring doorbell.
Home Town Savings - $100 bonus
Expires: December 31, 2024
The Home Town Savings signup offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:
- Open a new Home Town Savings account with a minimum of $10,000 in new money.
- For 90 days, maintain a minimum balance of $10,000
- Bonuses will be paid within 60 calendar days.
Apply now to earn the $100 bonus from TrustCo Bank
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23. American Airlines Federal Credit Union
Available nationwide with the ability to join online, American Airlines Federal Credit Union is offering a $25 bonus for each family member you refer for membership. What's even more? You can stack this offer up to 10 times, for a total of $250.
Membership Share Account - $25 bonus
Expires: December 31, 2024
The Membership Share Account signup offer requires you to use a referral link in order to earn the $25 bonus. Full requirements to receive this bonus are:
- Be an existing member of AA FCU.
- Refer a family member by having them add your full account number in the “How Did You Hear About Us” section and promo code REFER25 in the promo code section.
Apply now to earn the $25 bonus from American Airlines Federal Credit Union
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24. BMI Federal Credit Union
To kick off 2024, BMI Federal Credit Union is now offering new members $200 for opening a new personal checking account and using your debit card. In the past, we've seen welcome bonuses as high as $250, but also as low as $150 so this is still a pretty solid deal.
What's more? If you work at a preferred employer, you can receive an additional $100 on top of any promotion with promo code PEG100
Free Checking Account - $200 bonus
Expires: December 31, 2024
The Free Checking Account signup offer requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:
- Open a new checking account using the promo code NEW24 and with a minimum $20 opening deposit.
- Sign up for eStatements.
- Within 90 days, make 30 debit card transactions of at least $5 each.
- Bonus will be credited within 10 days of meeting the requirements.
Apply now to earn the $200 bonus from BMI FCU
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25. Great River Federal Credit Union
Great River Federal Credit Union is now offering minors a $50 welcome bonus when you open a new personal checking account. What's more? There are no requirements that typically come with a welcome bonus. This is a rare opportunity for those under 18. If you are over the age of 18 (or soon to be), GRFCU has a $100 bonus available.
Free Checking [Youth Accounts] - $50 bonus
Expires: December 31, 2024
The Free Checking [Youth Accounts] signup offer requires you to complete the following in order to earn the $50 bonus. Full requirements to receive this bonus are:
- Become a new member of GRFCU under the age of 18.
- Open a new checking account using promo code "GHOST100".
- Bonus will be deposited within 75 days from account opening.
Apply now to earn the $50 bonus from Great River Federal Credit Union
Learn More:
Want to see even more new account offers?
Credit Card Bonuses Don’t Require Direct Deposit
In addition to bank promotions, another way to earn bonus cash without needing to set up direct deposit is to explore credit card offers.
These almost always require you to spend a certain amount using your new card, and you’re usually given a few months to meet that requirement.
One caveat: always compare the spending requirement to your normal budget. If you need to make unplanned purchases, the sign-up bonus isn’t worth it.
But if the bonus fits into your normal spending, or you time the offer for when you have big purchases planned, then these can be an awesome way to earn sign-up cash without the need for direct deposit.
Here are a few credit card offers to consider:
- The Platinum Card® from American Express: 80,000 bonus points
- Capital One Venture X Rewards Credit Card: 75,000 bonus miles
- Ink Business Preferred® Credit Card: 90,000 bonus points
- Fifth Third 1.67% Cash/Back Card: 1.67% Cash Back
- Preferred Cash Rewards Visa Signature® Credit Card: 1.5% Cash Back
1. The Platinum Card® from American Express
The Platinum Card® from American Express comes with a new cardmember offer that can see you earn 80,000 Membership Rewards® Points after spending $8,000 within the first six months.
You also get a whole host of other annual perks including a $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, (requires a minimum two-night stay), a $240 digital entertainment credit, $200 Uber Cash, a $200 airline fee credit and more! Enrollment required.
This is in addition to the lounge access and 5x Membership Rewards® Points on flights booked directly with airlines or with American Express Travel (up to $500,000 on these purchases per calendar year) and hotel purchases through amextravel.com. (*terms apply).
Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
The Platinum Card from American Express is the original luxury card. While its annual fee is high at $695, so are its luxurious rewards, including Amex Membership Rewards, extensive travel points, and annual statement credits. Terms Apply.
The Platinum Card® from American Express - 80,000 bonus points
The The Platinum Card® from American Express offer requires you to make purchases using the account's card in order to earn the 80,000 bonus points. Full requirements to receive this bonus are:
- Apply for The Platinum Card® from American Express using the link below.
- Within 6 months, spend $8,000 on eligible purchases using your new card.
- Bonus will be credited within 8-12 weeks of meeting the requirements in the form of Membership Rewards points.
Learn more about the The Platinum Card® from American Express 80,000 bonus points offer
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2. Capital One Venture X Rewards Credit Card
The Capital One Venture X Rewards Credit Card comes with a 75,000 mile welcome bonus. All you need to do to qualify is make $4,000 worth of purchases within three months of opening the account.
The card has a somewhat high annual fee; however, lower compared to other similar premium cards. Cardholders also enjoy perks such as $300 in statement credits for bookings through Capital One Travel, up to a $120 credit on Global Entry or TSA PreCheck® and access to select airport lounges.
If you’re looking for a travel card with generous bonus category rewards, travel credits, and bonuses, take a look at the Capital One Venture X Rewards Card. It's a happy medium for road warriors who spend enough to offset an annual fee but don't quite want to commit to an elite card.
Capital One Venture X Rewards Credit Card - 75,000 bonus miles
The Capital One Venture X Rewards Credit Card offer requires you to make purchases using the account's card in order to earn the 75,000 bonus miles. Full requirements to receive this bonus are:
- Apply for a new Capital One Venture X Rewards Credit Card using the link below.
- Within 3 months, spend $4,000 using your new card.
- Bonus will be credited to your rewards balance within 2 billing cycles.
Learn more about the Capital One Venture X Rewards Credit Card 75,000 bonus miles offer
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3. Ink Business Preferred® Credit Card
Chase is offering 90,000 bonus points to new Ink Business Preferred® Credit Card cardholders. Those points can be redeemed for $900 cash, or $1,125 in travel rewards when redeemed through Chase Travel℠.
To get the points, you will need to make $8,000 worth of purchases in the first three months.
Offering high rewards on bonus categories that can be redeemed via the Ultimate Rewards Program, a sweet welcome bonus, and a handful of premier perks, the Chase Ink Business Preferred Card is an excellent choice for the average business owner who doesn’t mind a small annual fee.
Ink Business Preferred® Credit Card - 90,000 bonus points
The Ink Business Preferred® Credit Card offer requires you to make purchases using the account's card in order to earn the 90,000 bonus points. Full requirements to receive this bonus are:
- Apply for a new Ink Business Preferred® Credit Card using the link below.
- Within 3 months, spend $8,000 using your new card.
- Bonus will be credited within 6 to 8 weeks in the form of 90,000 points, which can be redeemed for $900 cash or $1,125 in travel rewards when redeemed through Chase Travel℠.
Learn more about the Ink Business Preferred® Credit Card 90,000 bonus points offer
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4. Fifth Third 1.67% Cash/Back Card
The Fifth Third Cash/Back Card offers cardholders an unlimited 1.67% cash back on every purchase you make using the card.
This no-annual-fee credit card is only available to customers who have a Fifth Third Momentum® checking or savings account.
Like the Preferred card, the Cash/Back card offers a straightforward rewards system: 1.67% on everything, with no tiered or rotating categories, no limit to your earning, and with rewards that never expire.
Fifth Third 1.67% Cash/Back Card - 1.67% Cash Back
The Fifth Third 1.67% Cash/Back Card offer requires you to make purchases using the account's card in order to earn the 1.67% Cash Back. Full requirements to receive this bonus are:
- Apply for a new Fifth Third Cash/Back credit card using the link below.
- Use your new card for online or in-store purchases, and automatically receive 1.67% cash back directly to your rewards account.
- At any time, use the online portal to redeem your rewards for gift cards, cash back, or travel.
Learn more about the Fifth Third 1.67% Cash/Back Card 1.67% Cash Back offer
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5. Preferred Cash Rewards Visa Signature® Credit Card
USAA offers a straightforward way to earn cash back rewards for members that signup for their Preferred Cash Rewards Visa Signature® Credit Card. There are no categories to keep track of and no limits on how much you can earn. Just a simple 1.5% cash back rewards which can be redeemed 24/7 online.
USAA products and services are open to current and former military and their spouses. Dependents and eligible former dependents of USAA members may join USAA.
Preferred Cash Rewards Visa Signature® Credit Card - 1.5% Cash Back
The Preferred Cash Rewards Visa Signature® Credit Card offer requires you to make purchases using the account's card in order to earn the 1.5% Cash Back. Full requirements to receive this bonus are:
- Be or become a member of USAA to apply.
- Signup for a Preferred Cash Rewards Visa Signature® Credit Card using the link below.
- Use the card for your everyday purchases.
Learn more about the Preferred Cash Rewards Visa Signature® Credit Card 1.5% Cash Back offer
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Want to see even more credit card bonuses?
Direct Deposit Requirement: What Counts?
While the above list only includes bank bonuses without a direct deposit requirement, you may be surprised to learn that other bank offers that do require a direct deposit may still be within your reach.
The crux is around what each bank considers to be a qualifying direct deposit.
Spoiler alert: it can vary.
So, what counts as a “qualifying” direct deposit?
It’s true, the bank does not see all deposits as equal.
Why not?
It gets to the heart of what the bank is trying to have you do by offering a bonus reward in exchange for opening a new account and setting up direct deposit: commit to the account and continue using it, long after you’ve met the bonus requirements.
So, to that end, a “qualifying direct deposit” is, strictly speaking, a reoccurring deposit made by your employer or the government (such as for social security benefits).
But, as we alluded earlier, this definition is not shared among all banks.
For example:
- Capital One 360: Transfers from brokerage accounts such as Fidelity, Schwab, and Ameritrade fulfill the direct deposit requirement.
- Bank of America: Transfers from prepaid debit cards such as Bluebird and Serve count as direct deposits.
- KeyBank: Transfers from PayPal will be coded as direct deposit.
- U.S. Bank: Transfers initiated from many online banks such as Ally, Discover, and USAA will fulfill the direct deposit requirement.
As always, look to the bonus terms and fine print to guide you. It will almost always clearly state what counts as direct deposit and what does not.
Learn More About Bank Bonuses and Their Requirements
Bank bonuses – particularly those that don’t even require direct deposit – are easy money.
However, it can be time-consuming trying to stay on top of offers that are constantly changing.
Plus, if you’re new to bank promotions, your head may spin for a bit trying to learn the nuances, requirements, and pitfalls.
Fortunately, we can help.
By entering your email address below, you’ll get instant access to:
- Why banks run these deals and how they make money
- How to meet the requirements
- Pitfalls to avoid
- Insider tips to maximize your earnings
- The newest offers available in your area
…basically everything you need to go from “I’m so confused!” to earning some of the easiest money you’ve ever made.
Frequently Asked Questions
Does Bank of America offer bonuses?
Bank of America does offer some sign-up bonuses, but unfortunately, you can’t get your hands on them without signing up for a direct deposit.
This is common with bigger banks, so you can expect to run into the same problem with banks like T.D. Bank, PNC, or HSBC.
That said, bank promotions are fluid — meaning they come and go all the time. So just because one bank isn’t offering something that works for you now doesn’t mean that they won’t work in the future.
Do checking offers expire?
Yes. Any bank offer is usually tied to an expiration date. Promotions can last anywhere from months to years, but they are almost always held to a certain timeframe.
If you’re interested in taking advantage of an offer, be sure to look into the fine print and figure out how long you have to sign up.
As a general rule of thumb, if you need a new bank account and the sign-up bonus is appealing, don’t delay.
Why can’t I find a bank promotion without direct deposit requirements?
Usually, you have to dig through a bank’s website to find bonuses, but we launched BankBonus.com to make it easy to find the best bank bonuses in one place.
If you’re struggling to find a promotion that you read about online, it’s possible that it expired or that the bank pulled it. It happens all the time.
Take some time to search through this site and sign up for our newsletter so you can get alerts when new bonuses drop.
Can I qualify for a bonus with credit card funding?
It depends. Some banks allow you to open a bank with a credit card, but many don’t. If you go this route, make sure that your credit card issuer flags the deposit as a purchase and not as a cash advance so you can avoid unnecessary fees.
Also, keep in mind that a lot of banks don’t accept American Express or Discover for credit card funding, so you’ll probably have better luck with a Visa or MasterCard.
Are bank bonuses taxable?
Yes, the money you earn from a new account bonus – regardless of whether it requires direct deposit or not – will be reported to the IRS and taxed as income. Keep this in mind when you’re figuring out your total return on any given offer.
Are Bank Promotions without Direct Deposit Requirements For You?
Choosing the right bank account is an important step in your personal finance journey.
While a bonus offer should never be the main reason you sign up for an account, it doesn’t hurt to take advantage of one of them if the bank meets your other criteria.
The key is finding an FDIC-insured bank account that works best for you. You might also want overdraft protection and the ability to earn cash back on your purchases.
If you are like the millions of others that don’t have direct deposit, don’t worry. You still have a ton of options.
Take some time to shop around and think about what’s most important. The right bank promotions without direct deposit are out there for you.
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